7 Reasons to Buy Berkshire Hathaway and Never Sell
Long-term investors have been taken for quite the ride over the past two months. The proliferation of the coronavirus disease 2019 (COVID-19), which has been confirmed in over 2 million people worldwide, has led to unprecedented mitigation measures designed to slow its transmission. But as a side effect, it's also shut down nonessential businesses and sent unemployment levels rocketing higher in the United States.
After reaching an all-time closing high on Feb. 19, the benchmark S&P 500 took just 17 trading sessions to dip into bear market territory (i.e., a 20% decline) and a total of 33 calendar days to lose 34% of its value. Both represent the quickest and steepest declines in history.
Berkshire Hathaway CEO Warren Buffett at his company's annual shareholder meeting. Image source: The Motley Fool.
Source Fool.com
